Category 'Payments'

The UK payment industry’s leap towards a world-leading payment architecture and the introduction of initiatives such as Open Banking have had a boost, thanks to the favourable feedback received in response to the introduction of ISO 20022 compliant messaging. The…

At this time of year, there is a gift-buying frenzy by consumers in readiness for the festive season. The organised few will have finished their gift shopping weeks or even months ago. Many would have waited for Black Friday and…

Pay.UK, the leading retail payments authority, formerly known as the NPSO , has published a prospectus outlining its search and requirements for a strategic partner to work with to deliver the New Payments Architecture (NPA). The prospectus outlines…

On Thursday 18th October, the leading retail payments authority Pay.UK announced the proposed change to payment authorisation of ‘Confirmation of Payee’ (CoP). The change is likely to come into force in 2019. Simply put, this change will ensure…